The Indian Stock Markets on Monday reacted sharply to the Iran Israel attacks, where both the countries exchanges missile attacks, with the Sensex fell over 4 per cent.
At the time of open, Sensex was at 73,431.49, down by 811.85 or 1.09%, while Nifty was at 23,120.75, down by 245.95 or 1.05%.
In the pre-opening session, benchmark indices were trading weak.
Gift Nifty also indicated a gap-down as the Gift Nifty was trading around 23,118 level, a discount of nearly 334 points from the Nifty futures’ previous close.
On Friday, at the time of closing, markets ended lower even after the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) announced to keep the repo rate unchanged at 5.25 per cent.
At Friday close, Sensex fell 116.67 points, or 0.16%, at 74,243.34, while Nifty settled 49.85 points, or 0.21%, lower at 23,366.70.
Asian Stock Markets tumbled: South Korea's benchmark KOSPI suffered a brutal selloff plunging 9%.
Japan's Nikkei also dropped 4.2 percent, while MSCI's broad gauge of Asian equities fell 3.4 percent.
In the South Korea's market, tech and semiconductor stocks were among the biggest losers.
Samsung Electronics fell around 11 percent, and Taiwan Semiconductor Manufacturing Co (TSMC) declined 5.7 percent, Dr.
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited said, "There are strong headwinds for the market as trading begins for the....
